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An annuity pays 1 dollar at time 1/m, 2/m, ..., The annual effective interest rate is given by i. Determine the accumulated value of this

  1. An annuity pays 1 dollar at time 1/m, 2/m, ..., The annual effective interest rate is given by i. Determine the accumulated value of this annuity at time 1 (in terms of m and i). - for that question it means 1 dollar per payment or m dollars totally in one year.

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